Businesses are constantly looking for ways to improve their cash flow, but rights associated with intangible assets are often neglected. Licensing, franchising, supplier or distributor agreements are often very complex and non-compliance with the provisions of these agreements can have a direct impact on the bottom line. Over the life of a long-term agreement, the “revenue leakage” which may result in hundreds of thousands, and in some cases, millions in lost income.
In 95% of the royalty and revenue share examinations we undertake for our clients, we uncover underreported revenues due to a variety of reasons with the primary drivers being clerical errors, accounting mistakes or contract misunderstandings.
Whilst recognising the importance of our clients’ business partner relationships, our globally integrated network of forensic professionals assist companies optimise their revenues, capitalise on and protect their intellectual property rights, and successfully manage risk. Working with leading companies in a range of industries on more than 1,000 licensing, royalty and contract compliance engagements, we have developed a comprehensive, highly disciplined compliance programme, offering third party independent advice. Our industry expertise includes Entertainment & Media, Software & Technology, Biotech & Pharmaceuticals and Brand & Luxury Consumer Products.
We also act as an independent expert witness for organisations involved in intellectual property disputes. This usually requires an assessment of the quantum of damages flowing from the infringement of intellectual property rights, such as patents, copyright or design rights.